Why should you care?
- Public expenditure of at least $287,000,000 in cash, property, and other assets. This equals to a per resident cost for Santa Clara of over $2500.00.
- Less than 10% facility utilization The stadium will be empty most days, earning no money for the city.
- Possible loss of our municipal power reserve fund.
- Misplaced priorities.
- No Comparison Shopping. The City's own consultants, Keyser Marston Associates, concluded in their report (page 15) that a hypothetical office building would generate 5 times the fiscal benefits to Santa Clara, while requiring no subsidy from the taxpayers.
- Little, if any, direct return on investment.